Are you tired of exchanging your cryptocurrencies to fiat money every time you want to make a purchase? Cryptocurrency debit cards are here to save you! Two popular crypto debit cards in the market are Coinbase Card and Crypto.com Card. In this blog post, we will compare both cards and give our unbiased opinion as to which one is a better choice for you. So buckle up and let's dive into the world of crypto debit cards!
Coinbase Card vs. Crypto.com Card - A Quick Overview
Before we compare the cards based on their features and fees, let's take a brief look at what these cards entail:
Coinbase Card
- Launched in 2019
- Supports only a few cryptocurrencies - Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and Stellar
- Available in 30 countries, with 29 in Europe and one in the UK
- No issuance fee
- Spending limit: Up to €10,000 per day
Crypto.com Card
- Launched in 2018
- Supports over 100 cryptocurrencies
- Available in over 30 countries, including the USA and Europe
- Issuance fee: $50 or $0 if you stake 5,000 CRO for 180 days
- Spending limit: Up to $10,000 per day
Now that we have a general idea of both crypto debit cards, let's get to the real comparison.
Features
Supported Cryptocurrencies
A lower number of supported cryptocurrencies can be a deal-breaker for some, and that's where Coinbase falls short. However, Crypto.com wins this round by supporting over 100 cryptocurrencies, making it a more versatile choice.
Mobile App
Both Coinbase and Crypto.com offer mobile apps that allow you to manage your funds and track your transactions. However, Crypto.com's app offers additional features such as earning interest on your holdings, trading, and staking on their app.
Rewards
Crypto.com offers up to 5% cashback on all purchases, a $25 referral bonus, and sign-up bonuses ranging from $25 to $100 based on the staking plan you choose. In comparison, Coinbase Card offers a 1% cashback only on Coinbase purchases.
Fees
Choosing a card with lower fees can save you lots of money in the long run. Crypto.com charges no foreign transaction fees, whereas Coinbase Card charges 2.49% per transaction outside the eurozone. Furthermore, Crypto.com does not charge any monthly fees or card replacement fees, and their staking plans allow you to reduce or waive the issuance fee.
Conclusion
Both Coinbase Card and Crypto.com Card have their pros and cons, and the choice ultimately depends on your specific needs. However, based on our comparison, we recommend Crypto.com Card for those looking for more versatility, rewards, and lower fees. With over 100 supported cryptocurrencies, a user-friendly mobile app, and cashback on all purchases, Crypto.com Card is leading the way in the crypto debit card market.
So now that you know all about Coinbase Card and Crypto.com Card, which one will you choose?
References
- Coinbase Card. (n.d.). Coinbase Card. Retrieved from https://www.coinbase.com/card
- Crypto.com Card. (n.d.). Crypto.com. Retrieved from https://crypto.com/en/cards